The Petters case: Where did the Bentleys go?

  • Article by: DAVID PHELPS , Star Tribune
  • Updated: November 26, 2008 - 1:02 PM

Creditors are lining up for the scraps left from Tom Petters' fortune, some of it hidden in the form of fancy cars and condos.

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jean9216Nov. 25, 08 8:17 PM

how about none!!! It was all purchased with ill gotten gains so it ALL needs to be sold to the highest bidder! His wife, or girlfriend or whatever can get a job like the rest of us and learn what it is like to earn your living!!

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jmpieri323Nov. 25, 08 8:18 PM

What a dirtbag! This Petters guy is nothing but a slippery eel and is right where he belongs! One can only hope that there is some recourse for the unsuspecting folks who got sucked in by this jerk.

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boo2000Nov. 25, 08 8:22 PM

Check their bank accounts. I bet they're full of cash that doesn't belong to them. You know he gave them money. Trust funds for kids. Hefty alimony for ex-wife. ALL of that money should be given back to creditors. AND - what's with the one house? That one house could be worth millions. IT'S ALL GOT TO GO.

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joeeeeeeNov. 25, 08 8:49 PM

In America we follow the rule of law even if the bad guys don't. It works better that way.

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arborlakesNov. 25, 08 8:52 PM

David, As a regular reader of startribune and Minnesota native i had to comment and say you've done an excelent job covering this Patters saga. As i've been following the happening of this case and reading comments some readers have left there are some tough questions that keep getting unanswered. I for one am interested in knowing how a white collar criminal defense attorney Doug Kelly gets appointed to a job as a receiver in such a case. Questions are already being asked how and why he approved a sale of "Great Water Media" worth at least $4.5m in annual revenue for only $250k. Has he ever worked or represented "Great Water Media" and are there any conflicts of interest there? Same goes for Patters Group, we the readers need to know if he has ever represented anyone at Patters Group and what conflicts of interest there might be. I know startribune has an excelent investigative team and hope someone takes their time to look into some of the questions i've raised.

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DAROOSTERNov. 25, 08 8:52 PM

THE JAIL HOUSE.....

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silverglovesNov. 25, 08 9:11 PM

I'd rather live under a bridge than live the life Petters lived and is going to live.

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andrew7777Nov. 25, 0810:30 PM

Are you serious? He is a scamer, a liar and a fraud. I hope he spends his life with Bubba in jail.

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designer56Nov. 25, 0810:46 PM

2 Bentleys here. Both in matchbox size and a little Barbie that comes with it.

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mrobert3467Nov. 25, 0811:34 PM

"Questions are already being asked how and why he approved a sale of "Great Water Media" worth at least $4.5m in annual revenue for only $250k. Has he ever worked or represented "Great Water Media" and are there any conflicts of interest there?" ================================================ I'm not going to suggest I know anything about this transaction but I assume it is a bit more than you know about media holdings. A media company is worth what someone is willing to pay for it and not a penny more. The company was never worth anywhere near $4.5M. I am confident that if you wanted to pay $300,000, I could broker that deal in less than 24 hours.

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